Property Articles

Bringing you the latest commercial property market news from NZ Herald and TrueCommercial.

  • Two ‘blue chip trophy’ Remuera buildings

    Two ‘blue chip trophy’ Remuera buildings

    Two commercial properties in Auckland’s highly sought-after affluent Remuera precinct have come on the market offering a spread of multiple income from a number of tenancies. “These blue chip trophy buildings are for sale together as one property or separately as two individual properties,” says David Palmer, commercial sales with Barfoot & Thompson Commercial who, with colleague Grant Hargrave, is selling them by tenders closing at 4 pm on Thursday, May 14, unless they sell earlier by negotiation.

    Date May 2015

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  • Hahei beach ‘playground’ for sale

    Hahei beach ‘playground’ for sale

    One of the North Island’s most popular summer holiday destinations, Hahei Holiday Resort, on the Coromandel Peninsula, has come onto the market for the first time in over 50 years. “Hahei Holiday Resort is a slice of Kiwi summer paradise,” says John Bedford of CBRE who, with colleague Warren Hutt, is marketing the freehold property and going concern business for sale on behalf of Hahei Holidays Limited by way of international expressions of interest, closing at 4 pm on Wednesday June 10.

    Date May 2015

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  • ‘Competitive’ price expected for Browns Bay unit

    ‘Competitive’ price expected for Browns Bay unit

    A new Browns Bay retail unit that has been given a potential market rental earning capacity of $35,300 per annum goes under the hammer at 11am on Monday May 4 at the Takapuna auction rooms of NAI Harcourts North Shore Commercial. Agent Tim Turner, who is marketing Retail Unit 2 on the ground floor of the Norfolk apartment building at 19-21 Bute Rd, says he’s anticipating “an extremely competitive price” for the retail property with the developer exiting the complex to focus on an adjoining apartment project.

    Date May 2015

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  • Gleaming Avondale industrial corporate for lease

    Gleaming Avondale industrial corporate for lease

    An architecturally-designed office property constructed specifically for use an industrial corporate headquarters is now available for lease in Avondale following the departure of its tenant Metro Glass Tech. “This vacancy at 17-19 Patiki Rd presents an excellent opportunity for prospective industrial tenants,” says Sam Smith, national director of industrial for JLL, who is fronting a marketing campaign alongside colleague Luke McGill.

    Date May 2015

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  • Victoria Park Market offering character office space

    Victoria Park Market offering character office space

    A zoning change permitting ground floor office premises at Auckland’s Victoria Park Market is predicted to widen the appeal of the historic buildings for tenants, owner occupiers and investors. A resource consent application has been approved by Auckland Council for 50 per cent of the total gross floor area of the ground level courtyard premises to be used as office space.

    Date May 2015

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  • Lots of land for sale in Manawatu Business Park

    Lots of land for sale in Manawatu Business Park

    A big parcel of serviced industrial land within the 70 hectare Manawatu Business Park in Palmerston North has come to the market for sale. “This opportunity as ideally suited to a developer, part owner/occupier or investor,” says

    Date May 2015

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  • Taupo Motorsport Park seeks new driver

    Taupo Motorsport Park seeks new driver

    Taupo Motorsport Park, regarded as one of the most picturesque premier motor racing venues in the world, and located 3 km northeast of the Taupo CBD just off State Highway One, is up for sale. “Development plans are already in place to boost the cash flow past an existing $1 million per annum,” says David Gubb commercial and industrial salesperson with Bayleys who is marketing the Broadlands Road for sale through an international tender process closing on May 21.

    Date Apr 2015

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  • Meadowbank character has add value potential

    Meadowbank character has add value potential

    A Meadowbank character building on a busy arterial road with a mix of retail, office and residential space is for sale after three generations of family ownership The 493 sq m building on a 444 sq m site, in two equal titles, at 14 and 16-18 St Johns Rd is up for sale by tender as part of Bayleys’ latest Total Property portfolio closing May 19, unless it sells earlier by negotiation.

    Date Apr 2015

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  • Wairau Valley unit with dual tenancy

    Wairau Valley unit with dual tenancy

    A dual tenancy stratum in freehold office and warehouse building is for sale with a vacant possession in the high growth Wairau Valley industrial area on the North Shore. “Low vacancy rates in the area mean that interest in this well-presented unit will be high,” says Dave Lane of NAI Harcourts North Shore Commercial who is marketing Unit A at 50 Diana Drive for sale by auction at 1.30 pm on Wednesday May 6 at 1.30pm at the agency’s auction room at 128 Hurstmere Rd, Takapuna.

    Date Apr 2015

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  • Make a point to check out a piece of paradise

    Make a point to check out a piece of paradise

    A property known as The Point at Opito Bay, Coromandel, has come to market after being in the same family ownership since 1946. Located a three hour drive or thirty minute flight to Whitianga from Auckland, the 142.877 hectare property is now in four separate titles, with consents in place for various developments, including a large residential subdivision, lifestyle blocks and approval for three architecturally designed residential dwellings.

    Date Apr 2015

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  • Huge historic Thames industrial property

    Huge historic Thames industrial property

    An industrial property having one of the country’s longest running tenancies with the company occupying the site for 144 years is for sale in Thames on the Coromandel Peninsula. Occupying land in Beach Rd, Brown St and Queen St in Thames, the freehold property comprises 11 titles, which are currently leased to engineering and foundry firm A&G Price Limited. The business dates back to 1868 making it one of New Zealand’s oldest companies.

    Date Apr 2015

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  • New addition snapped up in Goodman’s Central Park

    New addition snapped up in Goodman’s Central Park

    The new flagship One Central Park building in the heart of Goodman Property’s largest office estate at Greenlane has been snapped up by Youi Insurance which has occupied 80 per cent of the space. However, the top floor of the recently completed building is still available to lease, says Jarrod MacGregor portfolio manager for Goodman Property Trust.

    Date Apr 2015

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  • Big Mt Wellington property for sale and leaseback

    Big Mt Wellington property for sale and leaseback

    A large 2ha investment property is on the market in the Mt Wellington industrial precinct with the offer of a sale and leaseback to a major Delmaine Fine Foods Ltd distribution and manufacturing facility. Delmaine was established in 1980 and produces a wide range of fresh food products, as well as importing European items. It has a significant and growing export business and a dedicated team of food technologists researching and developing new products and recipes. Delmaine is also one of New Zealand’s leading suppliers of processed food ingredients to large food manufacturers and fast food chains.

    Date Apr 2015

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  • NZ Post and Kiwibank anchor Newmarket property

    NZ Post and Kiwibank anchor Newmarket property

    A Newmarket property with dual frontage onto Broadway Nuffield Street and with NZ Post and Kiwibank as its anchor tenancy is up for sale as part of Bayleys’ latest Total Property portfolio. Located on a 943sq m site at 416 Broadway and 85 Nuffield Street and producing total annual rental income of close to $360,000, the property is being marketed by Tonia Robertson and Chris White of Bayleys North Shore Commercial in conjunction with Colin McKenna, Bayleys Auckland. It is being sold by tender closing on May 21, unless sold earlier by negotiation.

    Date Apr 2015

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  • Vacant Mt Eden property a hidden gem

    Vacant Mt Eden property a hidden gem

    A vacant Mt Eden warehouse and office property on mixed use land in a sought-after city fringe spot is for sale by auction. “This property at 12 Akepiro Street is a hidden gem,” says Peter Kermode of Colliers International who, with colleague John Davies, is selling it by auction at 11am on May 20 at Colliers’ auction rooms at 151 Queen St, unless it sells before auction day.

    Date Apr 2015

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  • Judges Pool riverside motel looks a good catch

    Judges Pool riverside motel looks a good catch

    The Judges Pool Motel on the banks of the world famous Tongariro River at Turangi is for sale as a going concern business and freehold property. The riverside property less than 50km south west of Taupo is named after the trout fishing pool at the end of nearby Te Aho Rd that feeds into the river and is being sold by Bayleys through a tender process closing on Thursday May 21.

    Date Apr 2015

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  • Refurbished and new Takapuna buildings

    Refurbished and new Takapuna buildings

    A decision by Smales Farm investors to expand their Takapuna property holdings by acquiring and refurbishing two older buildings in Fred Thomas Drive has brought fresh space to the market at a time when the ‘No Vacancy’ sign is up at the nearby flagship Smales Farm development. Daniel Henderson, general manager of Smales Farm, says the group recognised potential in the buildings because of their location close to the State Highway One motorway, to Takapuna and Smales Farm. They also offered good car parking and the opportunity to add a further building to the site.

    Date Apr 2015

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  • Meadowbank centre unit fronts Foodcourt

    Meadowbank centre unit fronts Foodcourt

    A free hold strata commercial unit is being offered for sale in the Meadowbank suburban shopping Centre located between the Auckland suburbs of Remuera, Glendowie and Kohimarama. The property, Unit G, at 35 St Johns Rd, on the corner with Gerard Way is being marketed by Sue de Jong of Barfoot & Thompson Commercial for sale by deadline private treaty closing at 4 pm on Thursday, April, 30 unless it sells earlier by negotiation.

    Date Apr 2015

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  • Floors offered in Medical Association’s post surgery head office

    Floors offered in Medical Association’s post surgery head office

    Three floors of the redeveloped NZ Medical Association (NZMA) head office at 26 The Terracein Wellington are for sale on a unit titled basis. Stu Turnbull commercial broker with JLL, who is marketing the floors by expressions of interest or lease with Jeremy Langford of Colliers, says the property is the first rebuild on the Terrace in many years.

    Date Apr 2015

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  • May day auction for Shore properties

    May day auction for Shore properties

    A high profile Glenfield site on Auckland’s North Shore with Mobil Oil NZ as its anchor tenant for over 30 years and a Milford building for sale with vacant possession are among a wide variety of commercial and industrial properties to be auctioned on May 20 as part of Bayleys’ latest Total Property portfolio. The 1729 sq m site at 560 Glenfield Rd earns net annual rental income of just over $163,000 from the Mobil service station and auto servicing businesses and is being marketed by Simon Aldridge, Brian Caldwell and Michael Nees of Bayleys North Shore Commercial.

    Date Apr 2015

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